The European Court of Justice confirms the cancellation of a €33.6 million fine imposed in 2016 by the European Commission on British bank HSBC for participating in an interest Euribor rate manipulation cartel.

CURIA - Court of Justice of the European Union

Source

Published on Jan. 16th, 2023 Published on Jan. 16th, 2023

Scenario: Conduct / Anticompetitive and manipulative practices

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Apr. 4th, 2023

MSTAR scenario of the month - Trading Error

This month let's explore the quantification of this scenario through a wizard and what-if simulations, plus a sneak peek at the concept of the Exposure Table. Find an in-depth explanation in our book (Operational Risk Modeling in Financial Services: The Exposure, Occurrence, Impact Method), Chapter IV, §10 "IV.10 A step towards Oprisk Metrics" .